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Murphy Business & Financial Corporation
13760 Noel Road Suite 325
Dallas, TX 75240
(214) 751-3900
Fax: (214) 751-3893

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Listing Details - Busy Used Car Lot For Sale


Listing#: 6110      SIC:       Business Type: Automotive, Auto Used Cars
 
Default Image
Status Inactive
Listed Price $275,000
Down Payment $275,000
Owners Cash Flow $90,879
Total Sales $2,020,334
 
   
   
 
  Contact Information
   
  Office: 469-877-3584
  Email: Send Email To Agent
   
   
   
   
Business Description
Busy used car lot with increasing revenue and cash flow due to recent additions of guaranteed financing and used car warranties. Typical selection of 45 cars could grow to approx 225 with full stock on the 3/4 acre lot. On site mechanic drives extra revenue from warranty work. Average days on lot in 2010 of 10-15 vs avg of 22 days in 2009. Based on the most 12 months of financials (from April 1, 2009 to March 31, 2010) the business generated over $2.269M in revenue and over $151K in cash flow. Some seller financing available with a full price offer. Seller is selling so he can return to his home country.
 
Assets/Liabilities
Accounts Receivable $106,141 Incl. Yes Real Estate Incl.
Inventory Incl. Liabilities Incl.
FF&E $7,500 Incl. Yes Other: Incl.
Leasehold Incl. Total Assets $113,641
   
Lender Prequalified: No  
   
Financing/Terms Amount Mos Rate Mo. Pmt.
Loan/Assumable
Loan/Seller
Other